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      Question

      A bicycle was sold for Rs. 3150, making a profit of 25%. If

      the selling price had been Rs. 2900 instead, what would have been the profit or loss percentage?
      A 14.86% profit Correct Answer Incorrect Answer
      B 18.34% loss Correct Answer Incorrect Answer
      C 11.34% loss Correct Answer Incorrect Answer
      D 15.08% profit Correct Answer Incorrect Answer

      Solution

      ATQ,
      SP = Rs. 3150 and profit percentage = 25%

      So, CP = 100/125 ├Ч 3150 = Rs.2520
      Now, new SP = Rs. 2900
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